Occidental Petroleum Corp [OXY] stock is trading at $50.51, up 1.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The OXY shares have gain 4.79% over the last week, with a monthly amount glided 0.22%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Truist downgraded its rating to a Hold and reduced its price target to $69 on May 16, 2024. Scotiabank upgraded its rating to Sector Outperform for this stock on April 11, 2024, but kept the price target unchanged to $90. In a note dated April 10, 2024, Barclays initiated an Equal Weight rating and provided a target price of $73 on this stock.
Occidental Petroleum Corp [OXY] stock has fluctuated between $45.17 and $71.18 over the past year. Currently, Wall Street analysts expect the stock to reach $65.38 within the next 12 months. Occidental Petroleum Corp [NYSE: OXY] shares were valued at $50.51 at the most recent close of the market. An investor can expect a potential return of 29.44% based on the average OXY price forecast.
Analyzing the OXY fundamentals
Occidental Petroleum Corp [NYSE:OXY] reported sales of 27.51B for the trailing twelve months, which represents a drop of -2.54%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.75.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.92 points at the first support level, and at 49.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.82, and for the 2nd resistance point, it is at 51.14.
Ratios To Look Out For
For context, Occidental Petroleum Corp’s Current Ratio is 1.00. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 1.75, the price to book ratio is 1.80 and price to earnings (TTM) ratio is 13.16.
Transactions by insiders
Recent insider trading involved BERKSHIRE HATHAWAY INC, 10% Owner, that happened on Dec 19 ’24 when 3.61 million shares were purchased. 10% Owner, BERKSHIRE HATHAWAY INC completed a deal on Dec 18 ’24 to buy 2.81 million shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC bought 2.48 million shares on Dec 17 ’24.
